Platform Increases Buy to Let Lending in 2011

Platform, the intermediary lender of The Co-operative Bank, announced yesterday, on November 21st, a significant increase in buy to let lending.

As such, since the year of 2010, the lender has increased buy to let mortgage lending 10 fold.

Commenting on the move, Lee Gladwell of Platform, said that the lender has been advised about the rising demand for finance in the rental market, which is why Platform decided to increase the support for buy to let borrowers in 2011.

Throughout 2011, the company has been coming up with numerous innovative buy to let products. Among them are "Options" and "Cashback", which currently account for a significant proportion of new lending.

Gladwell highlighted: "We believe there is an opportunity to be a leading lender to intermediaries in this market and we plan to increase our lending further during 2012."

Platform has a full range of mortgage products, from BTL to prime and mainstream, thus being a choice for a variety of borrowers regardless of their needs.

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